Japanese shipyards in May received foreign ship orders for 16 vessels, or 669,000 grt, up 371.8 percent from May 1998, the Japan Ship Exporters' Association said. The level, however, was down 43.9 percent from May 1997, it said. Orders in May consisted of nine bulk carriers and seven oil tankers. In April, foreign ship orders fell 40.1 percent year-on-year.
Japanese shipyards in June received foreign ship orders for 20 vessels, or 667,500 grt, down 24.4 percent from a year earlier, the Japan Ship Exporters' Association said. All of June's orders were bulk carriers. The most recent figure represented an increase of 17.8 percent compared to June 1997, it said. Last month, May orders marked a year-on-year increase of 371.8 percent.
Korean Ship Orders Up 322% New orders received by South Korean shipbuilders in February totaled 1.26 million gt, up 322.7 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. Orders received in January-February period totaled 2.32 million gt for 37 ships, up 232.1 percent from the same period a year ago. Korea received orders for 21 new ships in February. Ten ships, totaling 718,000 gt, were completed during the month
Daewoo Heavy Industries won $483 million in ship orders last week from companies in the U.S. and Greece. It will build four ultra large crude oil carriers for Majestic Shipping Co. of the U.S., and three very large crude oil carriers for Aeolos Management S.A. and Atlantic Bulk Carrier Ltd of Greece, a company statement said. Majestic ordered two 450,000-ton ultra crude oil carriers and took options on two more. Atlantic Bulk ordered two 75
Japanese export ship orders fell 8.5 percent in June from a year earlier, reveal figures by the Japan Ship Exporters’ Association (JSEA). Japanese export ship orders fell 8.5 percent in June from a year earlier to 499,370 gross tons, according to figures released by the Japan Ship Exporters’ Association (JSEA). The 8.5 percent decline in June was the third straight monthly drop year on year and was significantly slower than the 43.5 percent drop in April and 44
According to a report from the Kyodo news service, the combined tonnage for ship orders received by South Korean shipbuilders was higher than that of Japanese shipbuilders in 2002. The Shipbuilders' Association of Japan reported that Japanese shipbuilders received orders worth a combined 5.9 million tons in the year, down 25.9% from 2001. South Korean shipbuilders reportedly received orders for a combined 7.59 million tons, up 18
Japanese shipyards received foreign orders for 21 vessels totaling 581,100 GRT in July, down 39.6 percent from a year before, the Japan Ship Exporters' Association said. In all, 19 orders were for bulk carriers and two for freighters.
South Korea's Samsung Heavy Industries won $400 million in ship orders from companies in Greece and Germany. Samsung received an order to build four 300,000 dwt VLCC from Greece's Helespont Shipping for $280 million. It also received an order from Germany's Nordcapital Corp to build two 5,750 teu containerships worth $120 million. Samsung said it will deliver the ships to the two companies by the end of 2001. Samsung said its shipbuilding orders have reached $2
The China Shipbuilding Industry Corp. (CSIC), built 3.17 million tons of new ships in 2005, up 47 percent. In 2005, the CSIC received 3.73 million tons of new orders and 2.85 million tons of new ships are under construction. The profit it earned topped $123.9 million, up 85 percent year-on-year. China's shipbuilding companies built 12 million tons of new ships in 2005, accounting for 18 percent of the world market, ranking third after the Republic of Korea and Japan
New orders received by South Korean shipbuilders in January totaled 1.06 million gt, up 164.7 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. South Korean shipbuilders received orders for 16 ships in January, the association said. Orders received in January last year totaled 400,556 gt for four ships, it said. Ships completed in January were down from the same month a year earlier
The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the container industry is expected to take delivery of record volumes of TEU capacity this year
The shipping market is continuously in depression, and the development of China's shipbuilding industry faces huge challenges, says a new report – 'China's Shipbuilding Industry 2013-17' published by Research & Markets. In a newly-issued market research report
ABB, a power and automation technology group, has secured an offshore marine industry contract covering electrical power and propulsion systems onboard a DP class 3 Drill Ship to be conferred with "Enhanced Reliability" and Dynpos Autro notation from Det Norske Veritas(DNV).
Royal Caribbean Cruises contracts for a third Quantum-class cruise ship to be constructed in the Meyer Werft shipyard. The delivery is for mid-2016 and the price and terms of the new ship are similar to the price and terms of the first two Quantum-class ships, subject to financing conditions
Viking Cruises launch Viking Ocean Cruises, the first new cruise line in nearly a decade. Developed from the ground up to return the focus of cruising to the destination, Viking Ocean Cruises will begin sailing in May 2015 with its first vessel—Viking Star—embarking on maiden voyages
Arrangements have been made to ensure that the Turku shipyards of STX Finland will be able to deliver two ships ordered by the German TUI cruise line, Finland’s Ministry of Employment and the Economy said on Friday. The two cruise liners are slated for a 2014-2015 completion date.
TUI Cruises President and CEO Richard Vogel is in Finland this week reviewing the status of the construction of the company’s two ship orders, Mein Schiff 3 and Mein Schiff 4, and provided an update. Mr. Vogel noted that construction on Mein Schiff 3 at STX Finland is now 25% complete
Mitsubishi Heavy Industries, Ltd. (MHI) recently commenced construction of the first ship in its “Sayaendo” Series, which it has developed as a new-generation liquefied natural gas (LNG) carrier, at the company’s Nagasaki Shipyard & Machinery Works
Construction begins of First "Sayaendo" New-generation LNG CarrierAt Nagasaki Shipyard & Machinery Works For Osaka Gas and Mitsui O.S.K. Lines. Mitsubishi Heavy Industries, Ltd. (MHI) began construction of the first ship in its "Sayaendo" Series
Construction work begins in Fincantieri's Margher Shipyard on the cruise ship 'Costa Diadema'. Weighing in at 132,500 gross tonnage and with accommodation for a total of 4,947 guests, this will be the biggest Italian-flagged cruise ship afloat
New agreement reached with Berthold Brinkmann, the insolvency administrator of P+S WERFTEN, German Shipbuilders. The new agreement means hat both coast guard ships ordered from the Peene shipyard can now be completed, and delivery is planned for February and April 2013.
Daiichi Chuo K.K. may cancel ship orders, pare its fleet & sell new stock after getting emergency financing from shareholder Mitsui O.S.K. Lines Ltd. To help weather a slump in dry-bulk rates the company is in talks about canceling or delaying 10 of 60 on-order dry-bulk vessels as it heads
Ulstein Group joined forces with GC Rieber Shipping to provide a ship that refuses to accept failure, thanks to pioneering ‘operation+’ philosophy. GC Rieber Shipping, the Norway-based harsh environment shipping specialist
China Rongsheng profit dives as new ship orders dry up. China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of new orders, putting further pressure on its stretched balance sheet reports
Danish Naval Architecture Firm KNUD E. HANSEN A/S behind the coordination for Basic Design of new Roll-on Roll-off/Containerships for Hudong-Zhonghua. On the 10th of August 2012, the Atlantic Container Line (ACL) announced their contract with the Hudong-Zhonghua Shipbuilding (group) Co